Goldman Sachs has been a key beneficiary of the recent outflow of talent elsewhere in the financial services industry. In its latest move, it has brought in former Deutsche Bank specialist, Nohshad Shah, according to recent filings on the UK’s Financial Conduct Authority (FCA) register.
In his new role at Goldman Sachs, Mr. Shah will serve as the its Head of Interest Rate Product Hedge Fund Sales – Europe, Middle East, and Africa (EMEA). He joins Goldman from Deutsche Bank, where he worked as its Managing Director and Head of Rates & Hedge Fund Sales, having joined the lender back in 2010.
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Additional stops include BNP Paribas where he worked in a similar role, as well as stints at Endeavour Capital and Bear Stearns.
Mr. Shah’s departure is emblematic of a larger exodus from Deutsche Bank, which has seen an influx of outgoing investment bankers and veterans from a variety of its operations worldwide.
Last month, Goldman Sachs secured the services of Rasmus Persson who relinquished his role at Deutsche Bank to assume a new position as its executive director. Mr. Persson will be joining Goldman Sachs this upcoming fall – in his new role he will be focusing on Goldman’s debt capital markets (DCM) with a penchant for UK financial institutions.